Toncoin Climbs to $1.50 as Cocoon Launch Boosts Trading Volume

What to know

• TON’s price rose 0.77% to $1.5029 as trading volume jumped 37% following the launch of Cocoon, a decentralized AI compute platform.
• Cocoon allows GPU owners to rent out computing power for AI tasks and get paid in TON, with Telegram as the first user.
• Support sits around $1.44–$1.45, while resistance stands near $1.51, reflecting strengthening interest in TON’s AI-focused ecosystem.

TON Price Rises as Cocoon Launch Fuels Market Activity

Toncoin (TON) climbed 0.77% to $1.5029 over the past 24 hours as trading activity accelerated sharply after the debut of Cocoon, a decentralized AI compute platform built on The Open Network. The development ignited interest among traders who are closely watching new utility-driven growth across the TON ecosystem.

Trading Volume Jumps as AI Compute Demand Increases

Trading volume surged to 2.95 million, marking a 37% increase over the weekly average, according to technical analysis data. The spike reflects growing participation from market players positioning around TON’s latest infrastructure expansion.

Cocoon Begins Processing Live User Requests

Cocoon has already begun handling live AI inference tasks. By enabling GPU owners to rent their computing power and receive TON tokens in return, the platform introduces a new economic layer that ties real-world compute demand to decentralized token incentives.

Telegram Becomes the First Major User of Cocoon

Telegram, which remains deeply integrated into the TON ecosystem, is serving as Cocoon’s first user. The move gives the platform immediate scale and signals a wider push toward decentralized, user-generated AI compute.

TON Underperforms Broader Market but Shows Strength

Despite its gains, TON lagged behind the broader crypto market. The strong increase in volume indicates that larger market participants may be quietly accumulating TON in anticipation of further utility growth.

Support Levels Hold as TON Consolidates

After dipping to a session low of $1.4501, TON rebounded and closed well above its open of $1.4914, holding the important support zone around $1.45. The narrow trading range suggests a period of consolidation as the market digests recent developments.

Key Levels to Watch: $1.44 Support, $1.51 Resistance

Technical support remains visible around $1.44–$1.45, while resistance is found near $1.51. A decisive breakout above $1.51 could clear the path for a move toward $1.53, signaling growing confidence in TON’s decentralized AI ambitions.